News listing

BuyWithMe is laying
off 100 employees, roughly half its workforce, after it was unable to
raise new funding it needed, according to reports. CEO James Crowley reportedly announced Wednesday that at least 100
people will lose their jobs today, if the Boston- and New York
City-based...

Waltham-based enterprise data security form Aveksa Inc. has launched a
new product that taps the open source model and will hopefully bring in a
new customer base to the company. Aveksa’s new product is called Access Fulfillment Express, and the word
“fulfillment” is a key, according to...

SCVNGR
Inc. said Wednesday it has expanded a retooled version of LevelUp, its
service that pairs deals at local businesses with a new mobile payment
system, into New York City and San Francisco. The Cambridge-based startup said it’s taking the location-based app
service beyond its two pilot markets...

Massachusetts held onto its sixth place slot for tech employment in
2010, although the state did lose 2,200 tech jobs between 2009 and 2010. The positive news is that the almost one percent drop in tech jobs was
lower than the figure for all of the U.S. Across the country...

Kayak Software Corp. is putting a hold on its IPO plans, although the
Norwalk, Conn.-based travel search company, which has its technology
office in Concord, plans to keep its registration on file, according to a
report published Thursday by AllThingsD. According to the report,
Kayak chief marketing officer Robert Birge...

Kayak Software Corp. CEO Steve Hafner on Friday refuted an earlier report that indicated the company is putting its IPO plans on hold. The AllThingsD report
Thursday quoted Kayak’s chief marketing officer saying the equity
markets are too volatile for an IPO. However, the report said the
company would...

The all-or-nothing arguments of a few years ago may be moving into the realm of gray areas when it comes to noncompete agreements in Massachusetts. At a State House hearing on Thursday, defenders of the state’s current law allowing companies to enforce employee noncompete agreements and those who would ban noncompetes both had their say before the Joint Committee on... Read more

“How much money should I raise?” asks the new entrepreneur to anyone who will listen. The answers, unfortunately, are all over the map: “Nothing! Bootstrap”; “As much as you can”; “Ask the investor”; “Enough for the first six months/one year/two years”; “Plan at least two rounds ahead”… Being an entrepreneur is tough!
I raised Angel and VC money for two startups... Read more

Now is our time to claim our title: Boston as the hub of modern marketing. The digital economy in Massachusetts makes up $28 billion in revenues, second only to life sciences in the state. That encompasses 87,000 jobs and almost 3,000 companies according to our 2010 study of the industry. Being close to the startup community here, I’d venture to guess that... Read more

MIT has spun out a new MIT Center for Mobile Learning from the MIT Media Lab, with seed funding coming as a gift from a unit of Google Inc. Running the new center will be co-directors Hal Abelson, a professor of electrical engineering and computer science; Eric Klopfer, associate professor of science education; and Mitchel Resnick, LEGO Papert professor of learning... Read more